Vendetta Mining (TSXV:VTT) ROCE % : -10.87% (As of Nov. 2023)

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What is Vendetta Mining ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Vendetta Mining's annualized ROCE % for the quarter that ended in Nov. 2023 was -10.87%.

Vendetta Mining ROCE % Historical Data

The historical data trend for Vendetta Mining's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Vendetta Mining ROCE % Chart

Vendetta Mining Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

ROCE %

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-85.66

-23.63

-14.18

-25.81

-36.99

Vendetta Mining Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
ROCE %	Get a 7-Day Free Trial															-46.92	-22.46	-28.44	-12.94	-10.87

Vendetta Mining ROCE % Calculation

Vendetta Mining's annualized ROCE % for the fiscal year that ended in May. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	-2.428	/	( ( (7.657 - 0.444)	+	(6.416 - 0.502) )	/ 2 )
	=	-2.428	/	( (7.213	+	5.914)	/ 2 )
	=	-2.428	/	6.5635
	=	-36.99 %

Vendetta Mining's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	-0.612	/	( ( (6.231 - 0.518)	+	(6.137 - 0.588) )	/ 2 )
	=	-0.612	/	( ( 5.713	+	5.549 )	/ 2 )
	=	-0.612	/	5.631
	=	-10.87 %

(1) Note: The EBIT data used here is four times the quarterly (Nov. 2023) EBIT data.

Vendetta Mining (TSXV:VTT) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Vendetta Mining ROCE % Related Terms

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Vendetta Mining (TSXV:VTT) Business Description

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VDTAF:USA

Address

409 Granville Street, Suite 1500, Vancouver, BC, CAN, V6C 1T2

Website

https://www.vendettaminingcorp.com

Vendetta Mining Corp. is a Canadian junior exploration company engaged in acquiring, exploring, and developing mineral properties with an emphasis on Lead and zinc. It is focused on the Pegmont Lead-Zinc project located in northwest Queensland, Australia. The company's business consists of one reportable segment being Resource Exploration.

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